CASE STUDY

U City Flats

Philadelphia, Pennsylvania

42 Units


Built: 2017


Sold: 2021

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The Opportunity

Fulfill a demonstrable need for affordable, University-area housing in a challenging urban environment, using modular construction techniques.

The Approach

By identifying potential obstacles of a high-cost-to-build downtown locale, and applying knowledge from nearby modular construction projects, Crossbeam provided well-appointed apartments for students and area employees.

The Results

The modular project was successfully delivered six months earlier than traditional “stick” building, with significantly lower construction costs.

Project IRR

18.8%

Equity Multiple

2.4x
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